Strategic Management Report: Analyzing Personal Strategic Growth

This report provides a comprehensive analysis of strategic management principles, focusing on personal development within a business context. It begins with an introduction to the concept of presenting oneself as a product in the market, emphasizing the importance of strategic planning. The report examines the Deloitte high-impact operating model and industry life cycles, providing a framework for understanding the external environment. A detailed SWOT analysis of the individual is presented, outlining strengths, weaknesses, opportunities, and threats. The report then defines a personal vision, mission, and strategic objectives. Competitive and international strategies are developed, focusing on market penetration, product development, and diversification. Ethical considerations and the BCG matrix are also discussed, along with an exerting strategy and leadership style analysis, with a preference for a transformational leadership approach. The conclusion highlights the importance of balancing individual strengths with market opportunities to achieve success.

Running head: STRATEGIC MANAGEMENT
STRATEGIC MANAGEMENT
Name of the Student:
Name of the University:
Author Note:

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Introduction:
The aim of this report is to analyse the human features of an individual to present as
product in the market. The product as have different characteristics and utilities which attract
the customers for investing in that particular product. The capabilities of the individuals can
be developed if proper strategies are set and maintained. The need to present self as product
is difficult but not impossible. By increasing the knowledge about any type of business issues
in the present scenario or in the future. The person must feel that situation mainly decides
what type of leadership style will be followed. This particular paper will be discussing the
Deloitte high impact operating model, industry life cycle, personal SWOT analysis, vision,
mission and strategies, competitive strategies, international strategies, ethics, BCG matrix,
exerting strategy and leadership style needed for the growth.
Deloitte high impact operating model:
Deloitte high impact operating model relates to the though process of the human
resource management aspects and increase the competencies of the combines. The HR
managers help the companies in the major shifting to the next level of business. This model
has changed the perspectives of the impact of HR in the business process by changing the
traditional process. By including the points of view of the clients in this field, this Deloitte
high impact operating model can guide the companies to include various strategies and solve
the problems.
Industry life cycle:
The Industry life cycle actually relates to the five stages that any industry goes
through. These stages are introduction, growth, shake up, maturity, decline and snack time.
All of these stages are inevitable for any company that operates for a long span of time in the

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standard market. The growth rate of the company decides how long the company will be
surviving in the market and how successfully it will serve the business. Now the manager is
responsible to help the company to stay in the growth process through laying different
competitive strategies for the companies.
SWOT:
Strengths Weaknesses
 Excellent social skills
 Empathetic nature
 Communication ability
 Adaptation in the situation
 Maintaining positive nature
 Strive for the perfect
 Highly emotional
 Highly competitive
 Dominative nature
 Inability to take risks
 Inability to motivate through
communication
Opportunities Threats
 Effective capacity to grip new
market
 Priority for innovation
 Retaining unique skills
 Knowledge if technological growth
 High competition in the job market
 Constantly changing market
requiring new skills every day.
I have the capacity of adapting with the changing situation but the market
requirements keeps on changing all the time and the trends of the customers and their buying
preferences change. This can only be overcome if I identify the trends of changes in the
market and then lay my strategies for growth. I have achieved the knowledge of the
responsibilities I need to play but I have not gain any practical support for the knowledge
how the business companies actually operate in the business market.
Vision:
My vision will be entering the international market within seven to eight years and
develop all the features meeting the needs of the international market.
Mission:

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My mission is to be more adaptive and competitive to learn new skills and
capabilities. I want to present myself a generous person who have the capacity to earn support
of the subordinates working under me.
Strategy:
My strategy will be maintaining good social relationship with the others
knowledgeable so that I can learn new skills and maintain high quality in service delivery.
Competitive strategy:
The more a product have features, the more that is acceptable to the customers, the
customers now a days prefer the products which will be doing multi tasks and in a proficient
ways, therefore I need to develop myself in such a way so that I can add the features all the
time as a product by bringing small changes.
Ꚛ The process of self-development will always be open and continuous. In this case, the
process of leading and researching about the recent changes in the business markets
internationally only then I can make myself competitive all the time.
Ꚛ The information about the competitors in the national and international market has to
be present in the strategies because the ore I will get to know them I will evaluate
myself on that basis. By strengths and weaknesses will be judged to maintain the
standard of the market,
Ꚛ The strategy of defining the target market will also be an important part of the
competitive strategy so that I can develop myself as a product matching the needs of
demands of the customers.

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International strategy:
As I possess many a strengths and opportunities I can effectively exploited these for
gaining entry into the international market. All of my strategies will be related to the effective
market penetration, product development, market development and bringing diversification.
As the international market is consisted of different types of business, where the
organisational culture of the organizations are completely different (Johnson 2016). The
competition even in the international market is also higher than a national market as there are
various innovative ideologies coming from different aspects. For this reason to sustain the
competition in the international market with the abilities and unique features of a product and
to compete in the international market, I shall follow some most important strategies which
will include:
Gaining in depth knowledge about the cultural differences of the business and the
impact of the national culture in the business process and the culture of the
organisations. In this regard I shall be gaining knowledge about the communication
prices of the different domain culture of in which countries I need to communicate.
I shall be intensifying my capability of adaptation in any type of situation and any
time. This will promote my capabilities as the manager of the firm and help to gain
support of the employees working under me.
I may not have all the capabilities supported by the knowledge of technological
changes. This is due to the fact that there are several new changes in the system used
by the managers now a days for the proper management of the departments and more
managers are depending upon automation process. This technological growth are
different for different countries hence making myself competent in handling
technological challenges will remain in my strategies for international market.

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Ethics:
The corporate social responsibilities are the only way that can help the companies to
thrive for sustainability. Through this type of strategy, the companies can manage the
interests of the stakeholders include the employees, customers, suppliers, government,
communities and the government of the country where they are operating right now. As a
manger of the firms the knowledge of the different types of CSR are to be known by me
because the more I will be able to understand the scopes of improvement of the company’s
CSR policies. This are all related to the triple bottom line whre the planet, people and
economic factors related to the business. Here the company will be making strategies to
become their business greener and environment friendly. The communities associated with
the business will be promoted in such a way that they can take active part in the business
process and operation of the company. In addition to this, the economic aspects of the
company is done in an ethical way. If I am capable to understand this ethical decisions
making process effectively then I can help the company to make moral decisions supporting
the growth of the company.
BCG matrix:
Business models are mainly based on the providing of the products and the services
which are profitable now (Whitehead 2015). These models also attempt to find out the
changes for offerings which will be proving the company with profits in the future. The BCG
matrix provides a framework for the analysis of the products according to the growth as well
as the market share. Through these, the companies gain the insights on what the products
based help them capitalise on the market share growth opportunities (Schawel and Billing
2018). The BCG matrix has four quadrants where the market share is labelled on the

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horizontal line and the growth rate is marked by the vertical line. These four quadrats are
stars, question marks, dogs and cash cows (see figure 1).
Figure 1. BCG matrix
(Source: created by author)
From the above BCG matrix I have understood that that the market growth rate is low but the
market share is high which leads me to have all the feature of cash cow. This denotes that I
have all the capacities of the leaders in the market palace therefore have the capacity to
generate more cash than I consume. This leads me to have the capacity having high market
share and low growth prospects (Sousa and Rocha 2019). Through this cash cow utilisation,
the company can use the cash or capabilities in me to turn the question mark into the market
leader. In addition to this, the cash cow help the company to cover the administrative costs
and fund research proves for the development. My feature has capability to service corporate
debt and make payments to the shareholders.
Stars Question mark
Dogs Cash Cow
BCG
matrix

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Exerting strategy:
The strategies mentioned in the competitive and international strategy section has to
be implemented in the right time and in the right position so that the implementation can be
effective for gaining the best result. For executing these strategies I will be following the
approaches like-
Firstly I shall enhance learning and research process focusing the business cases and issues so
that I can increase knowledge about any type of business issues in the present scenario or in
the future.
Secondly, I will be setting my goals in such a manner which will be short and smart so that I
can shift from one goal to another and keep myself motivated all the time.
Thirdly, I shall encourage myself to evaluate myself so that he growth can be measured every
time.
Finally, I shall be listening the subordinates so that I get a 360 degree understating of the
situation and making decision accordingly.
Leadership style:
There are different types of leadership skills which help the managers in the
companies to plan, manage and control the situations within a limited period of time. The
leaders are responsible to motivate the subordinates in such a way that they can contribute
their skills in the growth of the business. In order to manage the subordinates and motivate
them, the leaders follow some very important traits which decides their styles of leadership
(Chen and Rybak 2017). However, I think that the leaders of the successful organisations
actually show their capabilities in the management based on the situations they are in. in this
regard, they can be democratic or authoritative. Therefore, I feel that situation mainly decides

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what type of leadership style will be followed. In my case, I follow the transformational
leadership style because this allows the employees or the subordinates to feel free to
constitute their ideas in the decision making process. However, this leadership style in me is
completely in born because I feel restraint to dominate others in any grown and I think that
the leaders must not dominate the employees in anyway because this will lead to employee
dissatisfaction and the leaders will not be able to motivate them to contribute their
competence (Pardey 2016). Therefore, I prefer to follow the democratic style of leadership so
that I can gain the trust and support of the employees or subordinates for the successful
utilisation of the human workforce in the organisation.
Conclusion:
Therefore, it can be concluded that the leaders are responsible to motivate the
subordinates in one hand and balance the growth of the companies on the other. The strengths
have to be utilised in such a way that the individual can effectively identify the opportunities
present in the market. The weaknesses will be transformed in strengths through various
competitive strategies. These initiatives will be helping in the process of entering
international market mentioned in the mission and vision strategies.

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References:
Chen, M.W. and Rybak, C., 2017. Group leadership skills: Interpersonal process in group
counseling and therapy. SAGE Publications.
Johnson, G., 2016. Exploring strategy: text and cases. Pearson Education.
Pardey, D., 2016. Introducing leadership. Routledge.
Schawel, C. and Billing, F., 2018. BCG-Matrix. In Top 100 Management Tools (pp. 41-43).
Springer Gabler, Wiesbaden.
Sousa, M.J. and Rocha, Á., 2019. Leadership styles and skills developed through game-based
learning. Journal of Business Research, 94, pp.360-366.
Whitehead, J., 2015. BCG (Growth Share) Matrix. Wiley Encyclopedia of Management, pp.1-
2.